Kenya accelerates economic growth Economic Growth explained (explainity® 2 months ago   01:17

KTN News Kenya
Kenya remains on track to accelerated economic growth with construction, manufacturing and financial services sectors fueling growth. Second quarter GDP figures indicated the economy grew by 5.8 percent in the three months through June compared to the slow 4.4% growth in the first quarter.
The performance is however much slower compared to the corresponding period in 2013 when the economy grew by 7.2%. According to the Kenya National Bureau of Statistics, construction output rose by 18.9 percent during the second quarter from a year earlier, manufacturing grew 9.1 percent while financial and insurance services increased by 8.3 percent, the data showed. This offset slow growth in the tourism sector that slumped 18.6 percent during the three-month period. Poor rains have affected the agricultural sector with the slowing down by 5.5 percent. The released data comes weeks after the statistics body completed the rebasing exercise that moved Kenya into a lower middle-income economy by placing a higher value on the contributions from emerging sectors

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Economic Growth explained (explainity® Kenya accelerates economic growth 2 months ago   02:40

The economy is expected to grow steadily. Politics, industry and trade wish for economic growth. But how can economic growth be measured and might the economy eventually fully grown sometime? Our third clip in cooperation with Deutsche Welle explains "Economic Growth".

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